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QUESTION 1 ( 1 5 points ) Construct NextCorp's Debt Schedule and calculate the Weighted Average Annual Interest Rate of the Floating Rate Bank Loan.

QUESTION $1 (15$ points $)$

Construct NextCorp's Debt Schedule and calculate the Weighted Average Annual Interest Rate of the Floating Rate Bank Loan.

Fill in all the yellow boxes.

NextCorp secured a bank loan from Sapring Bank with the following terms:

Annual Weighted Average Rate $($ Debt IRR $) =$

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